American Express Simply Cash Reviewed

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<h1>American Express Simply Cash Reviewed</h1> American Express is a financial service company specializing in credit cards and charge cards. They have been in existence for over a hundred years already. The company has a solid reputation in terms of professionalism, reliable service and innovative products. Currently, one of their more popular products is the American Express Simply Cash.<br /><br />According to many people, this is the best cash back credit card today. Cardholders are allowed to earn 5% rebates for purchases of wireless telephone services, vehicle gas as well as office supplies and equipment. Other purchases earn 1% cash rebates. The cash rebates are automatically reflected in your next month’s billing statement as cash credit. But if you closely inspect the fine print, it will tell you that you need to accumulate over ,500 of purchases for the year in order to get the 5% rebates. Remember, 5% is applicable only to amount in excess of ,500, the 5% rebates are not applicable retro actively for the whole ,500. For purchases below ,500 per year a 1% rebate is however provided.<br /><br />As per the company policy, purchases done at discount clubs or warehouse clubs are not eligible for rebates. Thus, if 50% or more of your purchases are done via discount clubs or discount stores then the American Express Simply Cash may not be suitable for you. You may want to consider other options or other credit cards if you fall under this category as the card will definitely be to your disadvantage.<br /><br />The other benefits provided by this type of card are: Purchase protection plan wherein you can return items or purchases within 90-days if they are found to be defective or are not up to standards. On-Line Support feature allows you to check your credit card status via the internet. Balance inquiry and payment history can be viewed easily on-line. No need to wait for your actual mailed billing statement to know your credit card status. Cardholders are also provided with Accidental Travel Insurance of up to 0,000 coverage, making this card suitable for people who travel frequently to other places and countries. And lastly, cardholders are given access to business advice through the OPEN network. OPEN network is a part of the American Express group of companies whose main function is to provide assistance to small business owners and entrepreneurs via advice and consultations. An example would be assistance in looking for the best possible price for supplies and other resources. Small business owners and entrepreneurs will benefit from using this card in their daily business operations. It is like hiring an outside consultant for your small business.<br /><br />Simply Cash has no annual fee unlike other credit cards. The Annual Percentage Rate (APR) is 0% for the first 12 months. However, a fixed 7.99% APR is added on balance transfer made within six months. The APR rate of 7.99% would permanently be applied afterwards. The other charges include a minimum finance charge of textarea.50. For the cash advance a fee of 3% for a minimum of . Another thing to consider is their late payment fees of for amount less than 0. A fee for 0 to textarea,000 and a whopping for amount in excess of textarea,000 will be levied. The lesson here is that you must pay any outstanding balance as soon as they arrive to prevent the balance from accumulating every month and allow American Express from imposing late payment fees on you.<br /><br />Aside from this usual fees and charges, the American Express cards specifically the American Express blue is indeed a good card for most people. The card is highly recommended for small business owners and entrepreneurs because of the business rebates as well as the business support given. The card is also recommended for big time ticket purchases like home renovations and tuition fee payments. To get the 5% rebates you need to purchase more than ,500 per year. The card is also advisable for frequent travelers because of the accident travel insurance feature. And if you happen to fall under these categories and more then this card is just right for you.<br /> <h2>About the Author</h2> Get more information regarding <a href="http://tophomebizonline.com/finance-budgeting/american-express-cards-are-designed-to-meet-your-needs.html">american express simply cash</a>.<br><br>Source: <a href="http://www.articledevil.com">Article Devil</a>